E256 Neil Timmins - Diversification, Expansion and Evolution of a Real Estate Investment Portfolio to Design a Lifestyle

Neil hails from Des Moines, Iowa. In 2004, Neil was a banker. That same year, his mother had her debut year as a realtor. She made twice what he made. It was then that Neil knew he had to move to real estate. Neil’s entry point into the industry was as a Realtor with RE/MAX. His team was recognized by the Wall Street Journal as a Top 100 team and he was the #1 RE/MAX Agent in Iowa by 29. Longing to quit forfeiting time for dollars, Neil moved into real estate investing.

Tyler and Neil’s wide-ranging discussion focused on Neil’s experience transitioning from a realtor and house-flipper to a real estate investor, how you can live the life of your dreams by investing in various asset classes and more.

Highlights include:

• Warren Buffett’s investment methodology
• How Neil became the number one RE/MAX real estate agent in Iowa
• Neil’s experience trading time for dollars by fixing and flipping
• Tyler and Neil’s first investment deals
• Neil’s early investment thesis and his experience expanding into other asset classes 
• The cap rates of Neil’s neighborhood retail space
• What a good investment deal looks like to Neil
• Where Neil finds his commercial investment deals 
• Neil’s five reasons to invest in real estate
• Inflation hedge 
• Neil’s market outlook
• The power of hiring the right people for the right roles

 

Connect with Neil:

 

Website: https://legacyimpactpartners.com/
LinkedIn: https://www.linkedin.com/in/theneiltimmins/

Facebook: https://www.facebook.com/neiljtimmins

 

The following books and resources were mentioned in the show:

Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn The Complete Hiring Funnel by Neil Timmins: https://www.landaunicorn.com
The Changing World Order by Ray Dalio
The Millionaire Mind by Thomas J. Stanley

The Richest Man in Babylon by George S. Clason
Confessions of a Real Estate Entrepreneur by James A. Randel

 

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This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.

 

If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.

 

We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.